Goldman Investments Acquires Oak Park Condo Building For $12.4M
922 North Boulevard, Oak Park, IL, USA
$12,400,000
Building Size
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Asset Type
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Closing
Jan 20, 2020
AI
The sale of a condo property in Oak Park has been completed for a total price of $12,400,000. The property, located at 922 North Boulevard and 628 Harrison Street, consists of 82 units, with an average price per unit of $151,220. The transaction took place on January 21, 2020.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12,400,000
- Address: 922 North Boulevard & 628 Harrison Street
- Market: Oak Park
- Units: 82
- Price per Unit: $151,220
The buyer of the property is Goldman Investments, represented by Hadar Goldman and Redpoint Capital Management. On the other hand, the sellers are Regency Terrace Condominium Association and Clarence Court Condominium Association. The deal was facilitated by brokers Andy Friedman, Matt Halper, and Marco Cesario, who are affiliated with Kiser Group.
Players
Oak Park CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93